Remember all that time and energy you put into figuring out what the proposed regulations under Section 2704 were all about? Well, you’re going to want to try to find a way to get that back. The proposed regulations, the...more
Chapter 14 of the Internal Revenue Code consists of four Code Sections (Sections 2701 – 2704) designed to close valuation loopholes. Prior to Congress’s enactment of Chapter 14 in 1990, estate planners had a host of tools...more
8/31/2016
/ Business Entities ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Gift Tax ,
IRC Section 2704 ,
IRS ,
Liquidation ,
Proposed Regulation ,
Stocks ,
Transfer of Assets ,
Transfer Taxes ,
Valuation ,
Voting Shares
In 2009, each individual had a $3.5 million estate tax exemption. If a married individual had assets over $3.5 million, without careful planning, those assets in excess of $3.5 million would fall subject to a 45% estate tax....more
On Wednesday, 26 June 2013, the US Supreme Court ruled that Section 3 of the Defense of Marriage Act (“DOMA”), which limits the definition of “marriage” to “a legal union between one man and one woman as husband and wife” and...more
6/29/2013
/ Civil Unions ,
Discrimination ,
DOMA ,
Equal Protection ,
Estate Planning ,
Estate Tax ,
EU ,
Gift Tax ,
Gift-Tax Exemption ,
Income Taxes ,
IRS ,
Same-Sex Marriage ,
SCOTUS ,
Sexual Orientation Discrimination ,
Surviving Spouse ,
US v Windsor